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    Russia’s Rosoboronexport Export Portfolio Reaches $48 Billion

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    The export portfolio of Russian state arms exporter Rosoboronexport has reached $48 billion, head of Russia’s state technologies corporation Rostec Sergey Chemezov said.

    MOSCOW (Sputnik) – According to the Rostec head, Rosoboronexport gets no more than 4 percent of the total transaction amount. Depending on how new the technology is, the percentage drops even lower, sometimes to just over 1 percent.

    "Rosoboronexport has about 50 offices around the world, not a single company in Russia could or can cover such a number of countries. In 15 years we supplied arms worth $115 billion to 116 countries. Not long ago, our export order portfolio was $45 billion, now it is already $48 billion," Chemezov said in an interview with the Russian Kommersant newspaper.

    Rosoboronexport is responsible for over 85 percent of Russian arms and military technology export.

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    Tags:
    arms export, Rosoboronexport, Sergei Chemezov, Russia
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